Annual review 2020

Earnings for the year

Group income statement

 

Amount in SEK million 2020 2019
Net sales 86,864 88,213
Cost of goods sold -70,315 -71,341
Gross profit 16,549 16,872
Sales expenses -10,378 -10,385
Administrative expenses -5,462 -5,034
Shares in associated companies’ earnings -140 -33
Other operating income 1,464 953
Other operating expenses -273 -129
Operating profit before items affecting comparability 1,760 2,244
Profit from financial items
Profit from securities and receivables that are fixed assets -2 19
Other interest income and similar items -40 100
Interest expenses and similar income items -50 -95
Profit after financial items before items affecting comparability 1,669 2,267
Items affecting comparability
Profit before tax 1,669 2,267
Tax on profit for the year -619 -743
Profit after tax 1,050 1,524
Attributable to
Parent company shareholders 239 712
Holdings without a controlling interest 811 812
ProfitAX
Profit before tax 1,669 2,267
Goodwill amortization 848 822
Goodwill amortization associated companies 276 213
Adjustment of IFRS 16 and IAS 19 in Axfood 60 73
Other adjustments -99 25
Items affecting comparability 0 0
2,754 3,400

 

Depreciation and write-downs included in the 2019 earnings
Goodwill Other intangible  Tangible Associated companies  Total
Cost of goods sold -332 -170 -719 -1,221
Sales expenses -486 -74 -257 -817
Administrative expenses -28 -129 -120 -277
Other operating expenses -2 -4 -6
Shares in associated companies’ earnings -318 -318
-848 -377 -1,096 -318 -2,639
Depreciation and write-downs included in the 2018 earnings
Goodwill Other intangible Tangible Associated companies Total
Cost of goods sold  -369 -182 -682 -1,233
Sales expenses -430 -57 -270 -757
Administrative expenses -20 -113 -99 -232
Other operating expenses -3 -1 -4
Shares in associated companies’ earnings -253 -253
-822 -353 -1,051 -253 -2,479